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Segment and Geographic Information (Tables)

12 Months Ended

Mar. 31, 2017

Segment and Geographic Information [Abstract]

Net sales, gross profit, operating income and total assets by segment

The following is a summary of net sales, gross profit, and operating income by segment:

		Years ended March 31,
Net sales:		2017				2016				2015
Americas		$	534.0			$	585.5			$	666.9
Europe			524.3				524.1				578.2
Asia			111.5				79.0				81.2
CIS			177.7				-				-
BHVAC			171.6				181.4				186.3
Segment total			1,519.1				1,370.0				1,512.6
Corporate and eliminations			(16.1	)			(17.5	)			(16.2	)
Net sales		$	1,503.0			$	1,352.5			$	1,496.4

		Years ended March 31,
		2017								2016								2015
Gross profit:		$'s				% of sales				$'s				% of sales				$'s				% of sales
Americas		$	86.6				16.2	%		$	100.1				17.1	%		$	109.1				16.3	%
Europe			80.9				15.4	%			68.1				13.0	%			68.7				11.9	%
Asia			18.7				16.8	%			12.2				15.5	%			11.5				14.2	%
CIS			26.0				14.6	%			-				-				-				-
BHVAC			47.8				27.8	%			54.2				29.9	%			55.9				30.0	%
Segment total			260.0				17.1	%			234.6				17.1	%			245.2				16.2	%
Corporate and eliminations (a)			(6.7	)			-				(11.1	)			-				1.3				-
Gross profit		$	253.3				16.9	%		$	223.5				16.5	%		$	246.5				16.5	%

		Years ended March 31,
Operating income:		2017				2016				2015
Americas		$	26.7			$	36.2			$	33.4
Europe			37.1				13.3				25.7
Asia			7.7				0.8				0.3
CIS			7.5				-				-
BHVAC			13.1				13.9				19.1
Segment total			92.1				64.2				78.5
Corporate and eliminations (a)			(52.7	)			(71.7	)			(25.8	)
Operating income (loss)		$	39.4			$	(7.5	)		$	52.7

(a) During fiscal 2017, the Company recorded $14.8 million of costs incurred directly related to the acquisition and integration of Luvata HTS within SG&A expenses at Corporate.  In addition, as a result of purchase accounting for the Luvata HTS acquisition, the Company wrote up acquired inventory to its estimated fair value and charged the write-up to cost of sales as the underlying inventory was sold.  The Company recorded $4.3 million in cost of sales related to this inventory step-up at Corporate, as the impact of this purchase accounting adjustment is excluded from the Company’s measure of segment operating performance.  During fiscal 2016, the Company recorded pension settlement losses of $42.1 million at Corporate, within SG&A expenses ($33.3 million) and cost of sales ($8.8 million).  See Note 16 for additional information about the Company’s pension plans.

The following is a summary of total assets by segment:

		March 31,
		2017				2016
Americas		$	282.9			$	267.2
Europe			269.4				301.9
Asia			111.3				104.0
CIS			576.0				-
BHVAC			85.2				99.0
Corporate and eliminations			124.7				148.8
Total assets		$	1,449.5			$	920.9

Summary of capital expenditures and depreciation and amortization expense by segment

The following is a summary of capital expenditures and depreciation and amortization expense by segment:

		Years ended March 31,
Capital expenditures:		2017				2016				2015
Americas		$	26.3			$	26.7			$	30.2
Europe			24.7				24.8				21.5
Asia			8.5				6.2				3.8
CIS			3.4				-				-
BHVAC			1.5				5.1				2.8
Total capital expenditures		$	64.4			$	62.8			$	58.3

		Years ended March 31,
Depreciation and amortization expense:		2017				2016				2015
Americas		$	22.7			$	22.1			$	21.3
Europe			16.5				18.0				19.8
Asia			7.0				6.5				7.2
CIS			7.9				-				-
BHVAC			4.2				3.6				3.3
Total depreciation and amortization expense		$	58.3			$	50.2			$	51.6

Summary of net sales and long-lived assets by geographical area

The following is a summary of net sales by geographical area, based upon the location of the selling unit:

		Years ended March 31,
		2017				2016				2015
United States		$	657.8			$	627.6			$	669.3
Hungary			145.6				145.9				161.0
Germany			130.1				155.3				193.8
Austria			125.2				113.1				118.7
Italy			94.4				44.1				40.6
Other			349.9				266.5				313.0
Net sales		$	1,503.0			$	1,352.5			$	1,496.4

Summary of property, plant and equipment by geographical area

The following is a summary of property, plant and equipment by geographical area:

		March 31,
		2017				2016
United States		$	124.7			$	92.5
Italy			55.8				20.3
Mexico			47.0				30.9
Austria			44.3				44.2
China			40.0				33.6
Hungary			37.7				31.4
Germany			28.9				32.1
Other			80.6				53.6
Total property, plant and equipment		$	459.0			$	338.6

Summary of net sales by end market

The following is a summary of net sales by end market:

		Years ended March 31,
		2017				2016				2015
Automotive		$	461.0			$	396.8			$	401.8
Commercial vehicle			382.5				459.8				512.5
Off-highway			202.8				206.2				274.6
HVAC&R			400.9				232.1				229.6
Other			55.8				57.6				77.9
Net sales		$	1,503.0			$	1,352.5			$	1,496.4

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